Set-up of a Cooperative System to Prevent Investor-State Disputes with Foreign-Invested Firms

Date
2021.05.26
Hit
423
Bureaus
Spokesperson

Set-up of a Cooperative System to Prevent Investor-State Disputes with Foreign-Invested Firms
MOU signed between the MOJ and the Foreign Investment Ombudsman



□ On Friday, April 30, 2021, Minister of Justice Park Beom Kye made a visit to the Korea Trade-Investment Promotion Agency (KOTRA) and the Invest Korea Plaza (IKP) in order to sign a Memorandum of Understanding (MOU) with the Foreign Investment Ombudsman in Korea (Dr. Kim Sung Jin)* to prevent Investor-State Disputes.
* Foreign Investment Ombudsman went into effect as of October 26, 1999, under the Foreign Investment Promotion Act, so as to help foreign-invested companies find solutions to difficulties, collect and analyze relevant information and come up with plans to improve foreign investment.
※ The MOU signing ceremony proceeded in full compliance with COVID-19 safety and health guidance.



*For more details, please refer to the attatched file.

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